Stock Market & Financial Investment News

Teck announces decision in Phase 1 of Upper Columbia River litigationTeck Resources Limited announced that the Federal District Court for Eastern Washington has ruled in favor of the plaintiffs in Phase 1 of the Pakootas case. The court has issued a declaratory judgment that Teck Metals Ltd. is liable under CERCLA for response costs, the amount of which will be determined in the subsequent phase of the case. The subsequent hearing, with respect to claims for natural resource damages and costs, has not yet been scheduled and is expected to be deferred until the remedial investigation and feasibility study with respect to environmental conditions in the Upper Columbia River is substantially complete. That study, being undertaken by Teck American Incorporated, "TAI", pursuant to a 2006 agreement with the United States Environmental Protection Agency, is currently expected to be completed in 2015